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numbers fm 's financial re >>> apple shares haven't been so low in more than a year. we get the latest numbers from kcbs radio's financial reporter jason brooks. good morning. >> reporter: good morning, anne. good morning, frank. a rough day for apple yesterday as stock got bruised and a number of analysts downgraded them before its earnings report next week along with a key supplier of audio chips cirrus logic warning its report was going to be bad and apple is cirrus logic's biggest customer so that meant another downbeat note for apple. stock fell 5.5% below $400 a share for the first time since 2011. stocks lower this morning by .5%. hanging just above $400 a share. the tech sector overall under a lot of pressure,er, not looking great to start -- earnings not looking great to start the quarter. google reports after the close. ebay reported yesterday. ist profit was good at $677 million even though revenue grew. it missed on expectations and ebay shares are falling 5.5% in the early going this rnmog. on the economicfront, the labor department reporting that first time weekly unempl
next apple stock takes a new plunge. >> 16 month low today. find out why, stay w >>> if you're an apple shareholder, the stock took another steep plunge today, now $300 down. so why is this happen something some believe it was way overpriced to begin with and what's happening is a natural reduction in value. others feel the tech market is changing and apple slow to change witness. >> they're good at coming up with innovation. so i won't give up on them. >> many consumers are waiting for next products including a state of the art television. >> l l.the rest of wall street took a sharp downward today. reports triggered a plunge on the dow. that is an improvement. after investing nearly $2 billion the british parent company has admitted defeat. the company put the 200 stores in california, arizona and nevada up for sale. bank of america today say it will pay $500 million we resolve revenues off by 8%, google has begun delivering glass, the visor like computer that responds to eye commands. it come was warnings the possibility of eye strain and you shouldn't go scuba diving wearing glass. >
of melissa's segments on our website, kpix.com/mornings. >>> a lot is riding on apple's earnings report that is expected tomorrow. they have had a tough couple of weeks. kcbs radio's financial reporter jason brooks reports. >> reporter: it seems like it's been a long time now since apple stock was above $700, back in september when they had a streak. it's been struggling and fell below $400 last week for the first time since december 2011. the company reports its fiscal 2nd quarter earnings after the closing bell tomorrow. it's expected to report an 18% drop in profits from a year earlier which would be the first year-over-year drop in profit since 2003. lots of worries that iphoneand ipad sales are much weaker as a lot of consumers hold off the next product refresh from apple and a lot will be riding on that. and for the stock tomorrow. the one good thing is with so many analyst downgrades, any good news from apple could turn it around tomorrow. ebay is trying to leverage its user base in a vote in congress. the company started sending emails to its 40 million usingers this weekend try
pepsi and verizon. some of the other big companies. one stock we are keeping an eye on is apple. and i just want to pull up the very latest quote on that. apple stock is down $8.5 a share. about 2%. it's now below 400 $400 a share. $394 is where that is. apple stock down 42% from all time high of $705 last september. one money manager says apple could fall into the 300s in the coming weeks. it is now at $394 right now. we'll keep an eye on apple stock. >>> oakland is proposing a budget for the next two fiscal years that calls for spending. the budget proposal also includes two more police academies. however, the city will still need to eliminate 80 positions. the deadline for a new budget is june 30th. the public will be able to weigh in before that deadline. >> time now 7:45. firefighters are investigating an overnight fire that gutted a house in san leandro. started on deal avenue and dowling boulevard. no one was living there. neighbors made sure people living nearby got away safely. >> everybody called from one house to the next. and couple people knocked on everybody's doors. we a
. as for your bloomberg silicon valley index it was lower on the weakness and shares of apple and ebay as mentioned. twitter introducing a music app letting music play songs that is currently available for apple users to down load. other companies trying to keep users on their sites for longer stretches, the name of the game. carolyn, larry >> thank you. >> maybe spring here but a massive rain storm is leaving behind a huge mess in parts of the mid west and plains. >> watch the car on the righthand side of the screen. this took place in chicago south deering neighborhood. one person was sent to the hospital. y he road buckled and car just caved in with pavement. other two cars were parked at the time >> thousands bng evacuated as heavy flooding prompted illinois governor to emergency.state of t seven inches of rain has fallen in 24 hours in one suburb of chicago workers used life rafts to rescue school children from a stranded bus. 600 flights have been delayed. >> nothing but sunshine heading into the weekend. >> we're looking at 90s showing up into the bay area by monday. we're g
flooded roads. the water has also swamped hundreds of thousands of acres of farmland. >>> apple, amazon, caterpillar, at&t, ford, starbucks, exxonmobil, just some of the companies scheduled to come out with earnings reports this week. more than 80 companies reported last week. 72% did better than analysts expected. stocks lost ground last week though despite closing higher on friday. the dow up 10. nasdaq up about 40. and the futures are up today. so that's good. >>> investors who held on to their boeing stock after the new 787 dreamliner was grounded are reaping the rewards now. the faa approved a fix for the battery system that kept dreamliner out of service for three months. boeing stocks surged 2% on friday up 19% from its low point this year. >>> and another major rating agency has stripped britain of its aaa credit score. fitch down gridded them one knowledge to aa-plus -- downgraded them one notch to aa- plus saying they can't get a handle on their debt. >>> the latest lundberg survey shows the california average for a gallon of regular gas dropped 9 cents over the past two weeks
, such as reading france updates. facebook says that is bringing it chat head feature to its apple apps . it is called sad head because france profile photographs pop up when they send you a message very sad head is part of a broader integration that facebook is doing with a new home app on some of running google android operating system. >> as americans rush to donate to the victims' on monday's boston marathon bombing, a watchdog groups are warning of potential on line scanners already looking to profit from the tragedy. within hours of the bombing, dozens of website domain names reference in the bombing or registered. to avoid being scanned, experts caution dollars should look first at the low status national or regional charities were promoting relief efforts. also most states require charities to register with a sedative for soliciting for donations. >> and the weather. a little really uncalled for some. we have a nice warm up to look for to heading into the back half of the week into the weekend. we have erica with a full look at your forecast coming you kids should count yourselv
street, several major companies including apple, ford and exxonmobil will release their earnings reports this week. this comes as the market finishes its worst week since november. but the market did manage to recover some of its losses friday. the dow rose 10 points while the nasdaq climbed 39. >>> asian markets were mostly hirer ahead of economic data from china. tokyo's nikkei added 2% a nearly five-year high. hong kong's hang seng added a fraction. >>> investors who on to their boeing stock following the grounding of its new 787 dreamliner are reaping the rewards. the faa approved a fix for the battery problem. boeing was up 19% from its low point this year. >>> it may be a better idea to drive than fly especially now with the cost of a gallon of gas dropping 11 cents in the past two weeks. the new lundberg survey found the national average now stands at 3.54 for a gallon of regular. tulsa, oklahoma, is the cheapest at 3.21 while chicago is the most expensive in the continental u.s. at 3.97. back to you. >> erica, no surprise a lot of giving people out there. over a million dollars
coming out today including apple, at&t and delta airlines. three biggies. nearly one-third of the companies in the s&p will report their results this week alone. the reports have been pretty good so far. on wall street the dow reversed an early slide yesterday and gained 19 points. the nasdaq climbed 27. >>> stock indices have more than doubled since the march 2009 bottom. but many investors still a little spooked by the markets. here to explain why is jill schlesinger, cbs news senior business analyst. >> reporter: good morning. >> ordinary investors might pile into stocks. tell us what's going on. >> reporter: well, it's so wild because the financial crisis and the subsequent 55% drop in stock indexes clearly have lot of a lasting impression on investors. according to bankrate.com's financial security index, a whopping 76% of respondents say they are just saying, no to stocks. that's a huge number. economists call this recency bias. we tend to use our resent experience as a guide for what's going to happen in the future. sohen stocks are soaring, we think markets
of werther's original caramel to remind you that you're someone very special. now discover caramel apple filled werther's original. what if you could save over $500 bucks a year by changing one small thing? yeah, let's do it! let's do it. the average fast food breakfast can run you over $4 a meal per person. i know. walmart has a ton of breakfast options. a meal like this costs about $1.64 per serving. if you replace just one fast food breakfast each week with a breakfast like this from walmart, your family of four can save over $500 bucks a year. wow, that's amazing! and i could cook for you. [ male announcer ] save money on a delicious breakfast with kraft american singles and oscar mayer fully cooked bacon with our low price guarantee. walmart. >>> time for webtastic, when our very own sara haines finds videos that can puts a smile on your face. >> we've got a cat that really doesn't want to take a bath. >> tigger the cat seems to be saying no every time his owner puts him near the water. >> she said he really needed a bath. >> like really needed a bath. >> is that a baby? >> no, that
deangel loss is there. >> good morning. all eyes on apple ahead of its earnings report this afternoon. the concern is that the company could say it saw a sharp drop in iphone sales. the stock taking a big beating down nearly 45% since its peak last september. meantime, netflix is another one to keep an eye on. the on demand movie streaming site reporting a gain of 2 million u.s. subscriber. that's sending the stocks soaring in after hour sessions. >> jackie with the new york stock exchange, thanks. >>> a terrifying moment in celina, kansas, where a woman walked into a bathroom at the circus, closed the door, and then she came face to face with a tiger two feet away from her. this is video when the massive feline escaped during its performance. then when the woman was in the bathroom with the tiger, she stayed calm. she was able to exit and alerted workers who then recaptured the animal. the woman's 3-year-old daughter meanwhile had only one concern about that hair racing incident. she wanted to know if the tiger washed its hands before leaving the bathroom, its paws. >> that's like a
Search Results 0 to 10 of about 11